1133 Nanticoke St · Baltimore, MD 21230

$154,900

3 bd · 1.0 ba · 912 sqft · Townhouse public records · 30 Days on market

Built 1900 871 sqft lot Est $137k · 13% over

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Why this score? — see what drove the C grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +27.1/30.0
• DSCR +9.4/10.0
• 1% rule +7.8/10.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Rent growth +2.2/5.0
• ARV discount +1.5/15.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks

This property is part of a larger portfolio. Please contact for more details regarding associated listings. Closings will need to be coordinated with the other properties in the portfolio but may sell to individual buyers. Seller will only accept offers from serious buyers who can align with that timeline.

Key facts

• Built 1900
• Listed 30 days

Property features AI

Exterior

• Parking: Off-street parking
• Utilities: Public water; Public sewer; Electric hot water
• Home design: Brick construction; Block foundation; Fee simple ownership
• Construction: Brick exterior; Block foundation
• Exterior features: End-of-row townhouse; Above-grade and below-grade structures

Interior

• Kitchen: Gas oven/range; Microwave; Dishwasher; Garbage disposal
• Bedrooms: Two bedrooms on the upper level; One bedroom on the lower level
• Bathrooms: Two full bathrooms (one on upper level, one on lower level)
• Heating & cooling: Forced air heating; Natural gas heat; Central air conditioning; Ceiling fans
• Interior features: Open floor plan; Combination kitchen and dining area; Upgraded countertops; Fully finished basement
• Laundry & utility: Washer; Dryer; Washer/dryer hookups

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath townhouse listed at $155k.

Deal economics

• At list price, monthly cash flow is $437 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $155k).
• Recommended offer: $153k (1.5% below list) — sets the bar for market timing.
• Cap rate 9.7% vs local median 6.0% in Baltimore — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 76/100 on livability (#90 in MD, #3,396 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, housing A+; Watch: crime F.
• Baltimore City Public Schools (urban): math 7% / reading 16% proficiency, ranked #24 of 24 in MD (top 100%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 79% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: George Washington Elementary (math 2% / reading 12%, grade F, #699 of 860 statewide, top 84%, 173 students, 86% FRL).
• Market conditions: Rents soft (-1.0%/yr); 362 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 1,273 units permitted in Baltimore city in 2024 (1,104 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Baltimore County population projected to shrink 4% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 30 days — a 2% lower offer ($153k) is reasonable based on typical stale-listing flexibility.
• 13 sale attempts since 19y ago; this cycle's ask has dropped $14k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $152,576 (1.5% below list)

Questions for the listing agent

1. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
4. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
5. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
6. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
7. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.28% ✓
• Cap rate: 9.68%
• Cash-on-cash: 12.08%
• DSCR: 1.54
• GRM: 6.5

CMA / ARV

• ARV (on-the-fly): $136,800
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1121 Cleveland St	0.05mi	2/1.0 (-1)	912 (0%)	2mo	$109,900	$121	91
1133 Sargeant St	0.20mi	2/1.5 (-1)	912 (0%)	2mo	$67,500	$74	82
864 Carroll St	0.11mi	2/1.5 (-1)	880 (-4%)	3mo	$89,000	$101	79
640 Dover St	0.48mi	3/2.0	936 (+3%)	2mo	$220,000	$235	68
802 W Barre St	0.27mi	3/3.0	990 (+9%)	3mo	$285,000	$288	62
884 Washington Blvd	0.18mi	2/1.5 (-1)	1,040 (+14%)	3mo	$200,000	$192	59
1241 W Lombard St	0.54mi	2/1.0 (-1)	963 (+6%)	3mo	$150,000	$156	58
305 S Calhoun St	0.51mi	3/1.0	1,008 (+10%)	4mo	$40,000	$40	55
703 Dover St	0.44mi	2/2.0 (-1)	1,008 (+10%)	1mo	$225,000	$223	52
1226 W Pratt St	0.50mi	2/1.5 (-1)	1,000 (+10%)	2mo	$80,000	$80	52
1239 W Lombard St	0.54mi	2/1.0 (-1)	1,000 (+10%)	3mo	$150,000	$150	52
119 S Carrollton Ave	0.48mi	2/1.5 (-1)	800 (-12%)	4mo	$83,000	$104	47

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -1.9%
• Equity multiple: 0.93×
• Total profit: $-3,047
• Equity at exit: $23,096

10-year hold

• IRR: 4.0%
• Equity multiple: 1.25×
• Total profit: $10,907
• Equity at exit: $13,393

Cash invested: $43,372 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (CITY): 12 Strongly Tenant-Friendly
• State Maryland: 27 Tenant-Leaning · D+14
• County: — inherits STATE
• City Baltimore: 12 Strongly Tenant-Friendly · D+58

Just-cause for tenancies > 1 yr.

Methodology + full state rankings →

ZIP-level market 21230

• Rents YoY: -1.0%
• Active inventory: 362
• Price-to-rent: 6.5×

Monthly cashflow live

• Estimated rent: $1,990 high
• Mortgage (P&I): −$812
• Tax from tax record: −$259 /mo · $3,105/yr
• Insurance: −$65
• HOA: −$0
• Vacancy / Maint / Mgmt: −$418
• Net cashflow: $437

Break-even live

Break-even rent $1,437

Max offer price $154,900

Occupancy floor 73%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $38,725
• Closing costs: $4,647
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
853 Reinhart St Baltimore, MD	2.0	2.5	780	$1,800	$2.31	44d	1	0.10mi
1163 Washington Blvd Baltimore, MD	2.0	2.5	1012	$1,700	$1.68	12d	1	0.15mi
1125 Wicomico St Baltimore, MD	3.0	3.0	1068	$1,955	$1.83	24d	1	0.15mi
805 Washington Blvd Unit A Baltimore, MD	2.0	2.0	1050	$1,650	$1.57	44d	1	0.17mi
805 Washington Blvd Unit B Baltimore, MD	2.0	2.0	1106	$1,650	$1.49	20d	1	0.17mi
1160 Washington Blvd Baltimore, MD	2.0	1.0	960	$1,575	$1.64	24d	1	0.17mi
519 Scott St Unit 1 Baltimore, MD	2.0	2.0	800	$2,000	$2.50	44d	1	0.17mi
1127 Sargeant St Baltimore, MD	2.0	1.5	1080	$1,275	$1.18	24d	1	0.18mi
1142 Sargeant St Baltimore, MD	3.0	2.0	1080	$1,601	$1.48	2d	1	0.20mi
1215 James St Baltimore, MD	2.0	1.0	960	$1,500	$1.56	44d	1	0.24mi
847 McHenry St Baltimore, MD	2.0	2.0	952	$1,795	$1.89	4d	1	0.25mi
923 McHenry St Baltimore, MD	3.0	1.0	1008	$1,625	$1.61	44d	1	0.26mi
812 S Paca St Baltimore, MD	3.0	2.0	990	$1,500	$1.52	12d	1	0.27mi
638 S Paca St Unit 2404866494 Baltimore, MD	3.0	1.5	1100	$2,200	$2.00	44d	1	0.34mi
1432 Carroll St Baltimore, MD	2.0	1.5	912	$1,900	$2.08	44d	1	0.35mi
305 S Calhoun St Baltimore, MD	2.0	1.0	1000	$1,300	$1.30	22d	1	0.49mi
48 S Carrollton Ave Unit 4 Baltimore, MD	2.0	1.0	670	$1,600	$2.39	44d	1	0.54mi
1324 W Lombard St Unit 1 Baltimore, MD	2.0	2.0	1100	$1,500	$1.36	24d	1	0.58mi
1324 W Lombard St Unit 2 Baltimore, MD	2.0	1.5	1100	$1,450	$1.32	44d	1	0.58mi
1315 Hollins St Unit 2 Baltimore, MD	3.0	2.0	1096	$1,860	$1.70	4d	1	0.60mi
1315 Hollins St Unit 2 Baltimore, MD	3.0	2.0	1096	$1,950	$1.78	12d	1	0.60mi
101 N Schroeder St Baltimore, MD	3.0	1.0–2.0	1037	$3,185	$3.07	2d	12	0.66mi
123 W Barre St #112 Baltimore, MD	2.0	1.5	975	$2,200	$2.26	44d	1	0.76mi
11 S Eutaw St Baltimore, MD	1.0–2.0	1.0–2.0	1023	$2,146	$2.10	2d	11	0.77mi
300 W Lombard St Baltimore, MD	2.0	1.0–2.0	686	$1,835	$2.67	2d	7	0.77mi
617 W Lexington St Baltimore, MD	1.0–2.0	1.0	975	$2,200	$2.26	10d	4	0.77mi
1601 Frederick Ave Unit 3 Baltimore, MD	2.0	1.0	1050	$1,050	$1.00	4d	1	0.79mi
311 W Baltimore St Unit 504 Baltimore, MD	2.0	2.0	1100	$1,999	$1.82	20d	1	0.81mi
101 W Cross St Baltimore, MD	2.0	1.0–2.0	937	$3,332	$3.55	2d	23	0.83mi
8 N Howard St Baltimore, MD	2.0	1.0–2.0	1433	$3,600	$2.51	2d	36	0.86mi
3 Andrew Pl Unit R98 Baltimore, MD	2.0	2.0	975	$2,100	$2.15	12d	1	0.86mi
305 W Fayette St Baltimore, MD	1.0–2.0	1.0–2.0	895	$1,640	$1.83	44d	1	0.87mi
611 S Charles St Baltimore, MD	2.0	1.0–2.0	823	$2,905	$3.53	2d	8	0.88mi
910 S Charles St Unit B Baltimore, MD	2.0	1.0	700	$1,700	$2.43	18d	1	0.89mi
300 W Fayette St Baltimore, MD	3.0	1.0–3.0	1267	$2,250	$1.78	3d	9	0.89mi
126 Burnett St Baltimore, MD	2.0	2.5	984	$2,200	$2.24	24d	1	0.89mi
2 Hopkins Plaza Baltimore, MD	2.0	1.0–2.0	942	$3,115	$3.31	2d	12	0.92mi
1403 Race St Baltimore, MD	3.0	3.0	1008	$2,200	$2.18	44d	1	0.94mi
1312 S Hanover St Apt 3 Baltimore, MD	2.0	1.0	750	$2,200	$2.93	44d	1	0.95mi
1026 Patapsco St Baltimore, MD	2.0	2.0	1008	$2,100	$2.08	24d	1	0.95mi

Listing history 47 events

1. 2026-06-18
   days on market $154,900 Active 30 DOM
2. 2026-06-17
   days on market $154,900 Active 29 DOM
3. 2026-06-16
   days on market $154,900 Active 28 DOM
4. 2026-06-15
   days on market $154,900 Active 27 DOM
5. 2026-06-13
   pricedays on market $154,900 Active 25 DOM
6. 2026-06-09
   days on market $164,900 Active 21 DOM
7. 2026-06-08
   days on market $164,900 Active 20 DOM
8. 2026-06-07
   days on market $164,900 Active 19 DOM
9. 2026-06-04
   days on market $164,900 Active 16 DOM
10. 2026-06-03
    days on market $164,900 Active 15 DOM
11. 2026-06-02
    days on market $164,900 Active 14 DOM
12. 2026-06-02
    price $164,900 Active 13 DOM
13. 2026-06-01
    days on market $169,000 Active 13 DOM
14. 2026-05-31
    days on market $169,000 Active 12 DOM
15. 2026-05-19
    listed $169,000 Active
16. 2023-10-17
    historical $1,800
17. 2023-10-08
    listed $1,800
18. 2020-02-04
    soldstatus $3,901,500
19. 2018-08-20
    historical
20. 2018-08-20
    historical Withdrawn
21. 2018-07-16
    price $159,000
22. 2018-07-16
    price
23. 2018-06-14
    listed $169,000 Active
24. 2018-06-14
    listed Active
25. 2018-05-07
    historical
26. 2018-05-07
    historical Temporarily Off-Market
27. 2018-03-30
    listed $159,000 Active
28. 2018-03-30
    listed Active
29. 2015-03-01
    historical
30. 2015-02-27
    soldstatus $65,000 Sold
31. 2015-02-27
    soldstatus $65,000
32. 2015-01-13
    status Contract
33. 2015-01-13
    historical
34. 2014-12-24
    status Active
35. 2014-12-18
    status Contract
36. 2014-12-11
    status Active
37. 2014-12-01
    status Contract
38. 2014-10-24
    listed $45,000 Active
39. 2014-10-24
    listed $45,000
40. 2013-01-01
    historical
41. 2012-12-13
    historical Temporarily Off-Market
42. 2012-08-18
    listed Active
43. 2012-08-17
    listed $120,000
44. 2008-02-04
    historical
45. 2007-08-10
    listed
46. 2005-12-08
    soldstatus $75,000
47. 2000-01-03
    soldstatus $52,500

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast MD · Partial reset (capped growth)

• Current annual tax: $3,105 · $259/mo
• Projected year-2 tax: $3,105 · $259/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥103°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 6 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,884
• − Mortgage interest: −$8,677
• − Property taxes: −$3,105
• − Insurance: −$774
• − Repairs & maintenance: −$1,911
• − Management: −$1,911
• − Depreciation: −$4,506
• Taxable income: $3,000
• Est. tax owed @ 24.0%: −$720
• After-tax cash flow: $4,521/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Baltimore City Public Schools
• NCES district ID: 2400090
• Math proficiency: 7% ▼ -9.00%
• Reading proficiency: 16% ▼ -5.00%
• Median HH income: $42,108
• Composite: 10.08/100
• National rank: #9805
• State rank: #24 of 24 in MD

Livability — Baltimore

• Score: 76/100
• State rank: #90
• US rank: #3396

Category grades

Amenities A+ Commute A+ Cost of living A- Crime F Employment C Housing A+ Health & safety A+ User ratings D-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Baltimore, MD
• County: Baltimore City · 558,601 people
• City population: 588,727
• Metro: Baltimore-Columbia-Towson, MD
• Population (ZIP): 32,977
• Household income: $91,842
• Rent vs Own: 49.3% rent · 50.7% own
• Severe rent burden: 1463.0

Population outlook (Baltimore County) Hauer SSP2

• Today (2025): 624,249 people
• By 2030: 621,541 · -0.4%
• By 2040: 609,756 · -2.3%
• By 2050: 597,249 · -4.3%
• By 2075: 552,236 · -11.5%
• By 2100: 513,934 · -17.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.63)
• Race & ethnicity: White 55% Black 23% Hispanic / Latino 13% Two or more races 6% Asian 4%
• Hispanic origin (detail): Mexican 1% Puerto Rican 1%
• Common ancestry: Romanian 5% Lithuanian 2% Italian 2%
• Foreign-born: 10% · Canada, China
• Languages at home: 85% English-only · Spanish 9% Other Indo-European 1% Other Asian/Pacific 1%

Political lean MEDSL · Baltimore

• 2024 margin: Solid D (+73.0) · D 85.2% · R 12.2% · Other 2.6%
• 2008→2024 swing: -2.5pp toward R · 2008: 75.5pp · 2024: 73.0pp
• All cycles: 2024: D+73.0 2020: D+76.6 2016: D+74.6 2012: D+76.4 2008: D+75.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -311.43%
• Current HPI: 284.338
• Rent YoY: ▼ -1.00%
• Metro: Baltimore-Columbia-Towson, MD
• State GDP YoY: ▲ 2.97%
• F500 in state: 12

Industry mix (Fortune 500 HQ in MD)

Industry	F500 HQs	Revenue
▸Aerospace / Defense	1	$71B
▸Utilities	1	$25B
▸Hotels	1	$24B
▸Consumer Goods	1	$7B
▸Real Estate	1	$6B
▸Chemicals	1	$2B

Price history

+221.9% since first listed

33 events — show timeline

• 2026-05-19 Listed $169,000 BRIGHT MLS
• 2023-10-17 Rental Removed $1,800 APPFOLIO
• 2023-10-08 Listed for Rent $1,800 APPFOLIO
• 2020-02-04 Sold (Public Records) $3,901,500 Public Records
• 2018-08-20 Listing Removed — BRIGHT MLS
• 2018-08-20 Delisted — MRIS
• 2018-07-16 Price Changed $159,000 BRIGHT MLS
• 2018-07-16 Price Changed — MRIS
• 2018-06-14 Listed — MRIS
• 2018-06-14 Listed $169,000 BRIGHT MLS
• 2018-05-07 Delisted — MRIS
• 2018-05-07 Listing Removed — BRIGHT MLS
• 2018-03-30 Listed — MRIS
• 2018-03-30 Listed $159,000 BRIGHT MLS
• 2015-03-01 Delisted — MRIS
• 2015-02-27 Sold (MLS) $65,000 BRIGHT MLS
• 2015-02-27 Sold (MLS) $65,000 MRIS
• 2015-01-13 Pending — MRIS
• 2015-01-13 Listing Removed — BRIGHT MLS
• 2014-12-24 Relisted — MRIS
• 2014-12-18 Pending — MRIS
• 2014-12-11 Relisted — MRIS
• 2014-12-01 Pending — MRIS
• 2014-10-24 Listed $45,000 MRIS
• 2014-10-24 Listed $45,000 BRIGHT MLS
• 2013-01-01 Listing Removed — BRIGHT MLS
• 2012-12-13 Delisted — MRIS
• 2012-08-18 Listed — MRIS
• 2012-08-17 Listed $120,000 BRIGHT MLS
• 2008-02-04 Delisted — MRIS
• 2007-08-10 Listed — MRIS
• 2005-12-08 Sold (Public Records) $75,000 Public Records
• 2000-01-03 Sold (Public Records) $52,500 Public Records

Property tax history

+2.9%/yr

Latest (2025): $3,105 · +6.6% YoY. Source: county tax records.